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Whether you’re looking for product updates, practical tips, new ways to improve efficiency, or insights from other customers, SuiteWorld offers something for every stage of your NetSuite journey.
Discover new innovations across NetSuite with 2026 Release 2
■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
Action Required: Review and submit pending reconciliation matches before the NetSuite upgrade to avoid rework. After 26.2, unsubmitted matches will be unmatched. For more details, see SuiteAnswers 1047397
How is Advances received typically handled in NetSuite?
Hi How is Advances received in NetSuite typically handled in SalesOrder?
"Advances received"=Account used when a portion or all of the proceeds are received in advance "as payment for goods" when a purchase or sale of goods is made. It is used not only for tangible goods, but also for intangible services.
The seller may make a down payment to indicate his/her intention to purchase the goods, or may pay part or all of the amount as part of a contract, and the seller who receives the advance becomes obligated to deliver the goods to the buyer.
thanks
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